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    120 Forsyth St Manhattan, NY 10002

    New
    For Sale
    $3,380,000

    Mixed Use - Manhattan, NY

    Type:Mixed Use
    Property size:
    9,618 SF
    Lot size:
    0.06 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 9 at 4:06 am

    Property Features for 120 Forsyth St

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Size
    9,618 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Natural Gas, Other (Heating), Steam

    Building Details

    Year built
    1900
    Floors in Building
    5
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Real Estate Professiona (718) 532-2000

    Listing agent Hugo Salazar (718) 872-5522

    Listing date Dec 3, 2025

    MLS# 490575 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Manhattan Mixed-Use Investment Opportunity

    This mixed-use building in Manhattan's Lower East Side presents a rare investment opportunity. The property features a total of 22 units, comprising 18 two-bedroom residential units and 4 store units, situated in a C4-4A Zoning district. The building has a total size of 9,618 square feet and sits on a lot of approximately 0.059 acres. Currently, all 4 store units are vacant, and one two-bedroom unit will be delivered vacant, while the remaining 17 two-bedroom units are occupied with leases. The property benefits from a new flat roof and refreshed exterior walls, both completed within the last two years. The hot water heater was also replaced within the same period. The property generates a high annual rental income of $340,000 and has consistently produced substantial profits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triple Good Corporation Grocery Store

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.9922749
    Latitude
    40.7192271

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    FAQs

    What type of property is this?
    Mixed-use property - 22-unit mixed-use building in Lower East Side with high rental income.
    Where is this mixed-use property located?
    The property is located at 120 Forsyth St Manhattan, NY.
    What is the asking price?
    The asking price for this property is $3,380,000.
    What are key features of this property?
    This property features: - High annual rental income of $340,000 with consistent profitability.; - Rare 22-unit mixed-use building in the Lower East Side.; - Features 18 two-bedroom residential units and 4 store units (C4-4A Zoning).
    (718) 872-5522
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    120 Forsyth St Manhattan, NY 10002
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    Manhattan, NY 10002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Forsyth St Manhattan, NY 10002
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